Full Scale Production definition

Full Scale Production means, with respect to any mine, the date when output of a product from operations which have operated continuously at such mine for a period of at least ninety (90) consecutive calendar days equals or exceeds eighty percent (80%) of the rated plan capacity as set out in the Feasibility Study applicable to such mine.
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Full Scale Production means, with respect to any mine, the date when output of a product from operations which have operated continuously at such mine for a period of at least three (3) consecutive calendar months equals or exceeds sixty-five percent (65%) of the rated plan capacity as set out in the Feasibility Study applicable to such mine.
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Full Scale Production shall have the meaning set forth on Exhibit B, attached hereto, and “Capital Expenses” shall mean funds spent or committed, either in or outside the Russian Federation, toward the acquisition or lease of buildings, machinery, equipment, tenant improvements, furniture, fixtures, tools, parts, attachments, software, design and installation services, and related items to develop and support manufacturing operations. Capital Expenses shall not include items characterized as research and development expenses for accounting purposes.
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Examples of Full Scale Production in a sentence

  • In consideration for the transfer such 50% interest, the Optionor shall be entitled to receive an aggregate NSR of three percent (3%) of the Net Smelter Returns (as defined in Schedule "B" hereto) derived from the Property following the commencement of Full Scale Production (as defined in Schedule "B" hereto) thereon (the "OPTIONOR NSR").

  • The Optionee acknowledges and agrees that upon exercising the Option to its 100% interest in the Property shall, upon commencement of Full Scale Production, be subject to a 2½% (two and one-half percent) Net Returns Royalty interest in favour of the Optionor.

Related to Full Scale Production

  • Eligible production company means that term as defined under section 455 of the Michigan business tax act, 2007 PA 36, MCL 208.1455.

  • Postproduction means an activity related to the finishing or duplication of a medium described in Subsection 59-12-104(54)(a).

  • Power production activities means any business operation that involves a project commissioned by the government of Iran whose purpose is to facilitate power generation and delivery, including, but not limited to, establishing power-generating plants or hydroelectric dams, selling or installing components for the project, providing service contracts related to the installation or maintenance of the project, as well as facilitating such activities, including by providing supplies or services in support of such activities.

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.